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The International Iron and Steel Institute (IISI) has announced that world crude steel output reached 1239.5 million metric tons for the year 2006. This is an increase of 8.8% over 2005. The total represents the highest level of crude steel output in history. The year 2006 is also the third consecutive year in which crude steel output has been above one billion tons.

Production for 2006 was 65.3% above the total production for the world ten years ago. It is also 45.7% above the total five years ago. However, over the past ten years, the most remarkable growth has been in China and the Asia region.

In 1996, China produced 101.2 mmt of crude steel. By 2001, this had risen to 150. …

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